Taseko Mines (TKO) investor relations material

Company overview and asset portfolio

• Operates two producing copper assets: Gibraltar in Canada and Florence Copper in Arizona, with Gibraltar being the second largest open pit copper mine in Canada and Florence recently commencing production.

• Development pipeline includes Yellowhead Copper (in environmental assessment phase), New Prosperity (potential progress with indigenous groups), and Aley niobium project (longer-term asset).

• Market capitalization is approximately $2.2 billion, benefiting from strong copper prices.

Structural advantages and cost discipline

• Assets have long mine lives: 19 years at Gibraltar and 22 years at Florence.

• Maintains low costs through efficient operations, technical strength, and disciplined cost management.

• North American jurisdiction provides political stability, quality workforce, and modern infrastructure.

Copper market outlook and trade policy impacts

• Sees long-term bullish fundamentals due to lack of new major mines and growing demand from sectors like data centers and AI.

• Copper project development timelines are lengthy, often taking decades from discovery to production.

• No current tariff on copper imports; potential future tariffs could create a price premium for North American producers, benefiting Florence.